Tuesday, August 01, 2006
Dyersburg and surrounding area market numbers!!!
For the year 2004 and for Dyersburg and the counties we cover Dyer,Lake,Crockett, and Gibson and Lauderdale
Total sales for residential, commercial,land $55,180,419
Average price per home sold $92,199
Now jumping forward to 2005 for Dyersburg and surrounding areas
Total sales for residential, commercial ,and land $57,323,798 increase of $2,143,379(3.9%)
Average price per home sold $95,222 increase of $3023.00(3.3%)
Now jumping to current year Jan 1 - July 1 $29,697,579 (05 same period-$28,513,768)
That is an increase of $1,183,811 (4%) and average price per home for same period$96,330(05) and average price per home in (06) $103,117 which is an increase over 05 of $6787 (7%)
Let me summarize these numbers then tell you what I think:
1. Our total real estate sales jumped 3.9% from 2004 to 2005 with average price jumping 3.3%
2. Our total real estate sales jumped 4% (so far) from 2005 to 2006
3. Average price per home jumped 7% from same period 2005
We are in a growing economy with home prices being pushed up because of more demand than supply. Our factories are all doing well and factories in adjourning areas are also doing well.
I believe Dyersburg is becoming more micropolitian and will continue to grow even more. We are not in a housing bubble in our area as these numbers show and I believe the growth rate for sales and average price per house will continue to do very well.
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